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supply-side economists in the united states. mr. me, will -- moore, will you give us your opening statement? >> thank you, your honor. >> very good. >> thank you, members of the jury. i would like to start by saying i believe this trial is a farce and a miscarriage of justice. i work for "the wall street journal" so, of course, i'm going to defend wall street. i would submit and our defense, your honor, boils down to this: that it is the wrong people and the wrong institutions that are being put on trial here this afternoon. now, let me start by making some admissions about some the mistakes that were made by wall street. we were all angry about what happened in 2008 and 2009 and the massive losses. we're all angry at the excesses of wall street, the -- i'll acknowledge the fact that mr. frank made that there was excessive pay to ceos, that there were gaudy parties held by many of the members of wall street, that there were criminals and crooks like bernie madoff. by the way, they are in jail where they belong. but i think it's important to understand that wall street plays an inc
important innovation in public education over the past generation in the united states. there are many myths and many misconceptions about charters and about the motivations and goals of many in the charter movement. you saw some of that play out in the chicago teachers strike. beyond that there are many people in the united states who think charters are an unmitigated good or alternatively an existential threat. the reality is they are neither of those. we are exceedingly fortunate to have roland prior with us today. i will introduce roland before i introduce the rest of the panel after he finishes. the project has done considerable work with roland. we are fortunate to have been able to do that. he has prepared an extraordinary paper which he is going to summarize. i would say roland's resume is a little hard to read. you would think it must be fake or something. how could anybody have done so much so quickly? i particularly want to know what a titanium lion is but i won't blanc that year. he is doing extraordinarily important and vital and groundbreaking work. if we are going to ever turn
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